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November Term:

Report 1: Last Month and this month to come - http://www.erepublik.com/en/article/-mof-november-report-1-last-month-and-this-month-to-come-2153891/1/20

Hello all,

I come to you today with a quick note. As I have explained in the past, the amount we make on the MM fluctuates all the time and is really quite random. Lately, our offers were almost 100% cashing out all the time (I may, may, have cracked it) but we were making less cash than before because of the gold prices. We were in the £333.33 to £500 band. So as long as gold was below £500, to make the most money for the eUK we wanted it to be as high as possible. For instance 480-490 was perfect. Now we are sitting at literally 333.33. So every gold we would buy earns us zero cash.

For that reason, last night I took down every single offer we had up. If gold prices dropped below 333.33 we would actually be losing money per gold we buy. I am now putting our cash back up on the market at a rate of 0.004. That means we are buying gold for £250. However I am semi trying to predict the future here. We will now be making zero cash on the MM for the next ten days (that is how long it takes to cash out an offer) but we will not be losing any money! The cash is getting spread out – that is one of the conditions I have found to make them cash out more – so in ten days (about 9.5 days now!) we will start, hopefully, making some cash again. On the 21st Nov at 00:21 we will start making money again IF gold is below 333 and above 250. The best amount would be 320 ish. That means any fluctuations would not risk the MM not cashing out, and we still make lots per gold.

Hopefully, it all works out!

Thanks all,

Carlini